₦airaland Forum

Look @ what he is wearing in a hot weather all in the name of celebrity..

He is far from being a Catholic priest.

Boleyndynasty2:
Nwoke m mechie onu. Everyone who has a different view of things isn't an AfonjA. And Di anyi if you don't know me don't even act like you do. Otutu Oma

.

See finishing..
Brutality!!

cr7lomo:
U must b sick in the head...how can u say mere words, its certain that u hv complex issues...u cant run ur mouth towards someone stronger and more powerful than u are...me as a man, I dont expect myself to run my mouth towards a body builder or karate expert cos I will get my a.ss whooped like a kid...no reasonable man will call for trouble towards another man that can beat him mercilessly, unless he is with hos crew...so y should a woman run her mouth and possibly hit a man and expect him not to go physical...i just don't know the way u guys reason these days...u all wanna copy uk and usa... Go to eastern Europe and run ur mouth towards a man and c the way the man go so beat you like criminal

The moment we start to attack the issue , domestic violence will reduce to its barest minimum... I dont support DV but neither do I support emotional torture ...insult a man uncontrollably and get what you deserve...

For those that will say u hv a sister and mother, I will let u know my dad never raised his hands on my mum cos she always respected herself...never did she run her mouth...i will train my daughters in such a way that they will understand that any good man has a monster in him and he shouldn't be provoked full stop... No gender should monopolized self pity

You are indeed mentally deranged.
You need to be checked into a rehab ASAP..
If u really think that this is a case of who is
Physically stronger then I have to say that u
Might have been brought up in a violent home.
Being against home violence especially against
woman is never a white man culture..its common
Sense.
I guess u r still single...
Your post screams violence..
A monster in men(?)
Beat her up when she runs her month(?)
Guys been protected by their crew(?)
Eastern Europe(?)wtf have u been(?)
Nairaland tough guy

treasuredluv:
I won't blame him much because,1 you haven't told us what you didt that resulted to the assult, 2. I so much know the power of a lady's mouth.

.

You are indeed a disgrace to womanhood.
This is relationship/marriage not WWE.
If a guy cannot endure mere words that
comes from a lady's mouth then he is not
ready to be with one.
Let's be honest here..
If her sin is so deep then she will never bring
it up on social media(which might be her only
way of fighting back)..
Even the case of cheating has a way of dealing
with it.
Do this nonsense to my sister and discover Buhari
Change first hand..Rubbish

CaroLyner:
Moral of the story?

We have abandoned our ethics and traditions.
We are colonized by the Brits but we are living American lifestyle.
Our mindset are all westerners now and we are not even close to emulating them.

seunfly:
They don't need to encourage people to invest anymore therefor nairaland or any well meaning agencies will never write any good thing abut them.

Consolation and pity are not encouragement sir..
Who takes our media and “agencies"seriously in the first place(?)

There is more to this story.
Calling on the accused persons to testify..

This is becoming childish...so the little progress mmm made over the past weeks are not enough to be on fp(?)at least to console people.
Wtf is wrong with these mods()

durubrian:
Oga, Abeg o, no vex.... Go answer DSS..



I'm a Christian and I'm totally against the killings, but what this 'man' did is wrong... Mr Suleiman, Christianity is totally against violence.... #weAreNotBokoHaram #WeAreNotFulaniHerdsmen

Self defense has nothing to do with violence..
Even the Apostles defended themselves during their days.
Go and read The Bible again if you are really a Christian as you claim.

All these G boys that extort money from white people and call them maga,be aware that many of them take their own life afterwards and u go around with blood money thinking that u r smart..
Listen good..your future is doomed!!!!

Kondomatic:
The man is mad.

The pastor is mad.


They're both mad.

...careful son.

Psychologist90:
Why can't you enjoy the money you have already? If you really want to provide help you can simply go to motherless babies' homes and give them your money. I'm not a supporter of MMM since its inception in Nigeria.

Noted..thanks but pls do not tell me how to spend my money..what I give to charity still remains a private thing and my involvement in mmm is a thing of choice too so is your hate for mmm..
Nigerians just don't know how to act.
Stay clear of any related mmm topic if u have no involvement in the scheme..learn how to mind your business.

Tony and his “I too know" syndrome..
People are always entitled to their opinion.

She now reasons like a Nigerian politician,who knows how much she's been paid to spew these trash..
A serious protest is the only right part to getting justice for the ill ways of both the past and the present politicians in Nigeria..
Nothing seems to me working here..absolutely NOTHING!!!!

I still cannot GH even after I Phed 50k last two weeks and I've paid the two people I was matched with..MMM is no longer what is used to be.

Aufbauh:
This is guy is just looking for an attention or maybe GEJ electoral shock is still taking its toll on him.

A genuine minister of the gospel cannot and should not be this sensational irrespective of the provocations.

Remember what Christ did when he saw some people trading in the Temple of the Lord..(?)
Getting tensed up for the right reason is not crime/sin..
Any sane person in Nigeria suppose to be more than angry about the ill-situation of this sick country.

fyneboi79:
The more reason why only foolish people will fall for such scheme. 30% ROI within that short period is outrageous.

30% ROI after 30days is outrageous?
30days is a short time?
Forget mmm brother but 30% ROI after
30days is possible unless u r not a business
Person.

progress69:
Dey there dey deceive ursef. Lol

No problem sir...u wey no dey deceive yourself..keep it up..wiseman

focus7:
Oga just see how you dey cook deceit they serve yourself and the dunce that throw you like for posting lies.

Please explain, how did the fellow they paired you with GH to receive your help when GH is not functioning?

Baba..u don't know me and I no dey lie...I was matched to pay two people yesterday 12k and 38k respectively and I did that without a second thought...believe it or not.
What do I gain from deceiving people?its just the media and people like u that are killing mmm.
If u need proof ask for it and I will upload it here for all to see...

progress69:
Hahahahahaha.

U have made more than enough. Y not show us the exact amout u PHed?
Hahahaha

It's all there boy..nothing is hidden..I phed 50k and its all attached to my initial post..
Yes! I made money and that is exactly why I am giving back.
I noticed that all these panic are coming from those that input little or nothing to the scheme.

My po is not even showing pending withdrawal..it went back to Confirmed marvo status... But that does not stop me from PHing cos I was matched to paid two people yesterday and I did..
That is the only way to keep this thing going and we all know that..ph when u r matched.
The survival of mmm is in our hands period!!

It's high time the mods stopped this their anti-mmm stuff..it's now becoming childish.

Gflat:
[I]I know for sure the gullible, lazy and unproductive Nigerians can't wait to indulge when it comes back up. MMM is a curse to this nation.
Nigeria will never be great with these sets of people increasing by the day. [/i]

Say that to ur leaders who has failed you...
The scheme is not even close to being a curse to Nigeria.

Marvos has been released and I've requested for help...question is
Who will provide the epp??

hungryboy:
If I no make money before I reach 30yrs,
I go do blood money

By the time u teach 30..u go get proper sense to know that blood money is never an option..

Mbo ka ana agbaru ego..
Anaghi agworo ego ogwu..

Pls assist me with this VIN info..
5NMSG13EX7H016637.

Pls assist me with this vin info..
5NMSG13EX7H016637.

[quote author=computerglobal post=52196678]Vin Check And Report

Still Counting

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Pls help me with the VIN info
5NMSG13EX7H016637

CBN is just an advanced federal registered monitored MMM.

BETWEEN PONZI SCHEME AND FRACTIONAL RESERVE LENDING POLICY: A CASE FOR MMM AND OTHER MUTUAL AID (PEER-TO-PEER DONATION) SCHEMES.

I would start by saying I am an ardent student in the subject of money and currency (Yes, they aren't the same). From the creeping into America's lexicon of "war is profitable" and the severing of dollar from gold by President Nixon (that set a new standard of fiat currencies for the rest of the world), I read about and crave money devotionally. Since I love the subject of money and currency, I had to do my study into the two subjects above. This became necessary as the words "ponzi scheme" first landed on the Nigerian mainstream terrain, an event that coincided with the arrival of MMM 2011.

We hear a lot of publicity about the danger of MMM, about how it is a "ponzi scheme", they keep saying; and how it is doomed to crash. Funnily, I hear these narratives from people who are hurt first hand by the mere existence of this economic bandage from Russia, and also from people whom this scheme is designed to liberate from and assuage their poor standard of living. So I concluded that the rich and powerful are as rich and powerful because the others are lazy and ignorant. That I'm very sure of.

I digressed.

My simple litmus test to ascertain if any antic against MMM is really a decision based on knowledge and research, or simply a "masses reasoning" that exists for the rich and powerful to exploit: I try to engage people in a debate comparing fractional reserve lending legally practiced by financial institutions and the ponzi scheme of Sergei Mavrodi and other Robin Hoods. 99% of the time, they test very blue: they've never even heard of Fractional Reserve Lending, and they first heard the words "ponzi scheme" from Linda Ikeji Blog or Premium Times.

So what exactly is a ponzi scheme? And does MMM really fit as one? I am asking you!

My attempt: I'll spare you the dictionary definition. You can find that with a quick Google search. An analogy that attempts to describe it (one the authorities and other critics have used to describe MMM), because it is the least "jargonless", is simply ROBBING PETER TO PAY PAUL. But that definition falls flat in the face of mutual consent between Peter and Paul. No one is being robbed. Today Paul takes from the pool Peter also contributed into, tomorrow Peter does. Sounds more like very sophisticated "Osusu". Very sophisticated. Since I'm not an expert, pardon my non comprehensive elaboration. But I think its conciseness fits the context.

So how about Fractional Reserve Lending. It's simply a policy that allows a commercial bank to just keep a fraction of the deposit it claims to hold, and is able to use the other in other ventures that are not fully risk-proof; like give out a loan to individuals or government, invest in capital projects or whatever. In other words, Customer A takes N100k to "Second Bank of Nigeria". He gets some sort of digital receipt in the form of a balance back to his home. The law of Fractional Reserve Lending allows the bank to keep just a percentage of that N100k (usually 10%) and engage the other in trade. So Second Bank of Nigeria can then go ahead to give out N90k as loan to Customer B. So customer A has digital receipts, Customer B has N90k in hand. That is 190k in existence without any interest, without any genius from any banker, without any sweat from any marketer. Just the law.

Let's pull both concepts towards a meeting vanishing point. The concept of Ponzi Schemes and Fractional Reserve Lending allows artificial currency to be created into a system. 30% extra Mavros; N100k final balance in an account. Both of these can be converted to cash. You either GH or you communicate with your bank to pay you.

So, the obvious question arises: how are those extra derivatives we created from the ponzi scheme and fractional reserve lending accommodated? The simple answer is that everyone won't go to the bank the same day. Today it's Peter, tomorrow it's Paul. If Paul and Peter go the same day, MMM or Second Bank of Nigeria crashes. That simple.

So if they are so similar, why is one embraced and the other is considered legally and morally criminal?

Let's go back to the illustration. Customer B deposits his 90k in Second Bank for a while or simply takes it to "Gitib Bank". Gitib Bank replicates the process and are able to keep just N9k and loan out N81k to another customer, C. Already N271k has been generated from just 100k physically circulating. The rest are just numbers in computers. Only one person has N100k, two other people owe the banks N171k. Imagine!

Maybe they all loan at a generous interest rate of 5% pa (which never happens). Do the math on the derivatives these banks can create from mere "keeping" of people's currency. Even without any interest on the ricocheted use of people's deposits, those guys will smile to the bank. Oh! They are already at the bank. My bad.

Secondarily, money supply increases, inflation sets in, the keke guy has to work harder to afford the life he lived earlier with less resources and stress. All while some Agbaje or Adenuga guy smiles at his billions made "legally."

Then came Sergei Mavrodi with his concept of creating this pool of increased currency supply, but designed not to benefit him, but to benefit the masses. Not the big owners. Not the government who feed on taxes and can't do anything to hurt compliers. Then came MMM.

If you didn't know this already and was busy criticising, I hope this will help you understand why the huge PR efforts to discredit MMM and dissuade your involvement in it. And I hope you now know that those guys had what they were fighting for, and you didn't. You were just an egotistic opinionist who didn't even know where the gun barrel was pointing. I hope too you realise how foolish you've been all the while.

In conclusion, MMM is actually your friend that you threw out. The real ponzi scheme is the bank. They won't even give you loan to plant a plot, they don't go any extra length to add value to you. It's all business for them. The government is their accomplice and we all know they are worse. Like Sergei asked, "if you know what is right for people, why is the life so bad in the country?"

If a Senator that does not care about your dilapidated learning infrastructure, where you have to go out from and compete in the same market space with folks from Norway and China, if they don't care about your near zero healthcare, why do you suddenly think that they will care about where your business risks lie? How could you be so foolish? The other day I landed in a chat room with folks that are deeply into cryptocurrency and are in far away Europe, and I began to really feel the impact of NOT having power 20 hours out of 24 in the 33 years I've been alive; of taking GST classes in a hall crammed to varendah, under a lecturer who does not even know me; of having to buy internet bundles at exploitative prices and still having to move from kitchen to varendah in search of signal to connect Google. I felt like an illiterate with no hope.

Yet those guys who are benefiting from this ruin want to advise me how to keep my hard-earned money. I stand with MMM through the trying time. I just PHed 50k. I'll gladly pay that into the system and not expect return if that's the cost of finding its balance again. #IStandWithMavrodi!

THIS GUY WROTE A MAGNIFICENT PIECE AND WAS NEVER ON FP..I still wonder Nairaland is seriously advocating against MMM.